After winning the personal injury case in a court, you are given the choice, most probably; you would go with lump sum compensation. But before making any decision, you should analyze all benefits and losses you will face after lump sum settlement. There can be a situation, receiving some fixed amount every month can be more beneficial for you compared with one time payment you receive under lump sum settlement.
Best thing about receiving small amount of money every month will give you financial security for many years. Such kind of monthly installments will help you meet us with your regular monthly needs. This type of settlement can be really useful in case you have received a permanent physical damage or you cannot do your regular job in near future. But there can be situation, where you need to pay a big hospital bill; in that case, Lump Sum Settlement will be the best option for you.
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